Earlier Report Observations
The palm-kernel oilcake market in Nicaragua contracted significantly between 2018 and 2021, with volume falling from 15 630 t to 6 736 t. This coincided with a decline in domestic production from 5 134 t to 3 511 t and a sharp drop in imports from 10 496 t to 4 671 t over the same period.
After 2021, the market expanded, reaching 11 673 t in 2023. Production more than doubled to 7 145 t, while imports increased moderately to 5 610 t in 2022 before easing to 4 687 t in 2023. Exports, which had risen in 2021 and 2022, fell sharply in 2023, further supporting market growth.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2023
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018-2023
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Nicaragua
- 5.1.1. Annual dynamics of production in Nicaragua in kind, 2018-2023, t
- 5.1.2. Annual dynamics of production in Nicaragua in value, 2018-2023, $ US
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5.2. Global production by Country, 2018-2023
- 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
- 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
- 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
- 5.2.4. Structure of production by countries in kind, 2018-2023
- 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
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5.1. Production in Nicaragua
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6. Imports
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6.1. Imports (Direct Data)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, t
- 6.1.2.1. Annual dynamics of product's imports to Nicaragua in kind, 2018-2024, t
- 6.1.2.2. Dynamics of product's imports in kind to Nicaragua by countries, 2018-2024, t
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.1.3. Imports in value, K $ US
- 6.1.3.1. Annual dynamics of product's imports to Nicaragua in value, 2018-2024, K $ US
- 6.1.3.2. Dynamics of product's imports in value to Nicaragua by countries, 2018-2024, K $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
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6.1.4. Average price of product's imports, $ US/t
- 6.1.4.1. Annual dynamics of average price of product's imports to Nicaragua, 2018-2024, $ US/t
- 6.1.4.2. Dynamics of average price of product's imports to Nicaragua by countries, 2018-2024, $ US/t
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, t
- 6.2.2.1. Annual dynamics of product's imports to Nicaragua in kind, 2018-2024, t
- 6.2.2.2. Dynamics of product's imports in kind to Nicaragua by countries, 2018-2024, t
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.2.3. Imports in value, K $ US
- 6.2.3.1. Annual dynamics of product's imports to Nicaragua in value, 2018-2024, K $ US
- 6.2.3.2. Dynamics of product's imports in value to Nicaragua by countries, 2018-2024, K $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
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6.2.4. Average price of product's imports, $ US/t
- 6.2.4.1. Annual dynamics of average price of product's imports to Nicaragua, 2018-2024, $ US/t
- 6.2.4.2. Dynamics of average price of product's imports to Nicaragua by countries, 2018-2024, $ US/t
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6.1. Imports (Direct Data)
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7. Exports
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7.1. Exports (Direct Data)
- 7.1.1. Exports - Total information
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7.1.2. Exports in kind, t
- 7.1.2.1. Annual dynamics of product's exports from Nicaragua in kind, 2018-2024, t
- 7.1.2.2. Dynamics of product's exports in kind from Nicaragua by countries, 2018-2024, t
- 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.1.3. Exports in value, K $ US
- 7.1.3.1. Annual dynamics of product's exports from Nicaragua in value, 2018-2024, K $ US
- 7.1.3.2. Dynamics of product's exports in value from Nicaragua by countries, 2018-2024, K $ US
- 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
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7.1.4. Average price of product's exports, $ US/t
- 7.1.4.1. Annual dynamics of average price of product's exports from Nicaragua, 2018-2024, $ US/t
- 7.1.4.2. Dynamics of average price of product's exports from Nicaragua by countries, 2018-2024, $ US/t
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7.2. Exports (Mirror Data)
- 7.2.1. Exports - Total information
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7.2.2. Exports in kind, t
- 7.2.2.1. Annual dynamics of product's exports from Nicaragua in kind, 2018-2024, t
- 7.2.2.2. Dynamics of product's exports in kind from Nicaragua by countries, 2018-2024, t
- 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.2.3. Exports in value, K $ US
- 7.2.3.1. Annual dynamics of product's exports from Nicaragua in value, 2018-2024, K $ US
- 7.2.3.2. Dynamics of product's exports in value from Nicaragua by countries, 2018-2024, K $ US
- 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
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7.2.4. Average price of product's exports, $ US/t
- 7.2.4.1. Annual dynamics of average price of product's exports from Nicaragua, 2018-2024, $ US/t
- 7.2.4.2. Dynamics of average price of product's exports from Nicaragua by countries, 2018-2024, $ US/t
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7.1. Exports (Direct Data)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, t
- 8.1.2. In value, K $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, t
- 8.2.2. In value, K $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2024
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production palm-kernel oilcake in Nicaragua
In kind, 2017-2020, t
From 2017 to 2020, Nicaragua consistently ranked 27th globally in palm-kernel oilcake production volume.
Top producers of palm-kernel oilcake, 2017-2020
World map of production of palm-kernel oilcake, 2017-2020
Nicaragua's palm-kernel oilcake production declined for the third consecutive year. In 2020, the country produced 4 305 tonnes, marking a 2.9% decrease from the previous year. Over the 2017-2020 period, production fell by 24.8%, with a compound annual growth rate of -9.1%.
Annual dynamics of production in Nicaragua in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (10.3%) | (13.7%) | (2.9%) | (9.1%) |
Exports palm-kernel oilcake from Nicaragua
Exports in kind, t
The data shows irregular changes, indicating a volatile market environment. Export volumes varied significantly, with a low in 2018 and a high in 2019, differing by 1 222 540 times. In 2020, Nicaragua exported 44 tonnes of palm-kernel oilcake, reflecting a sharp year-over-year contraction of 92.8%. The peak was recorded in 2019 at 611 tonnes, with the largest increase that year reaching 122 253 900.0%.
Annual dynamics of product's exports from Nicaragua in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | n/a | 122 253 900.0% | (92.8%) | - |
Throughout 2017-2020, Costa Rica dominated Nicaragua's palm-kernel oilcake export structure in kind, consistently accounting for 93.3% of total flows.
Structure of product's exports in kind by countries, 2017-2020
World map of product's exports from Nicaragua in kind, 2017-2020
Exports in value, K $ US
Nicaragua's palm-kernel oilcake export value increased for the second consecutive year. In 2020, exports reached 14.5 thousand US dollars, indicating a 578.7% rise compared to the previous year. Over the 2018-2020 period, exports surged by 1 451 900%, with a compound annual growth rate of 2 339.6%.
Annual dynamics of product's exports from Nicaragua in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | n/a | 213 851.0% | 578.7% | - |
In 2017-2020, the two leading destinations for Nicaragua's palm-kernel oilcake exports in value terms were Honduras and Costa Rica, together accounting for 100.0% of total exports.
Structure of product's exports in value by countries, 2017-2020
World map of product's exports from Nicaragua in value, 2017-2020
Imports palm-kernel oilcake to Nicaragua
Imports in kind, t
Market performance showed noticeable fluctuations during the period. Imports reached their lowest point in 2020 and peaked in 2018, with a 3.4-fold difference between these years. In 2020, Nicaragua imported 3 087 tonnes of palm-kernel oilcake, representing a steep 33.8% decline year-over-year. The maximum volume was recorded in 2018 at 10 496 tonnes. The largest decline occurred in 2019 at 55.5%, while the largest increase was in 2018 at 155.3%.
Annual dynamics of product's imports to Nicaragua in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 155.3% | (55.5%) | (33.8%) | (9.1%) |
Over 2017-2020, Costa Rica and Guatemala were the dominant suppliers of palm-kernel oilcake to Nicaragua in kind, together taking 88.2% of total imports, with other destinations each accounting for relatively small shares.
Structure of product's imports in kind by countries, 2017-2020
World map of product's imports to Nicaragua in kind, 2017-2020
Imports in value, K $ US
Nicaragua imported 576.0 thousand US dollars worth of palm-kernel oilcake in 2020, showing a controlled gain of 6.8% compared to the previous year. Over the 2017-2020 period, imports increased by 5.5%, with a compound annual growth rate of 1.8%. The minimum value was recorded in 2019 at 539.3 thousand US dollars, while the maximum was in 2018 at 613.0 thousand US dollars. The largest decline occurred in 2019 at 12.0%, and the largest increase was in 2018 at 12.3%.
Annual dynamics of product's imports to Nicaragua in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 12.3% | (12.0%) | 6.8% | 1.8% |
In 2017-2020, Honduras and Costa Rica were the dominant suppliers of palm-kernel oilcake to Nicaragua in value terms, together accounting for 90.6% of total imports, with other partners forming a less significant background.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to Nicaragua in value, 2017-2020
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